Scilex Holding Company Preliminary Q3 ZTlido Net Sales $4M-$5M; Total Net Sales $4.3M-$5.3M
Portfolio Pulse from Benzinga Newsdesk
Scilex Holding Company (NASDAQ:SCLX) reported preliminary unaudited financial results for July 2024, showing significant growth in net sales. ZTlido net sales ranged from $4.0 million to $5.0 million, a 48% to 85% increase from the previous year. Total product net sales ranged from $4.3 million to $5.3 million, a 54% to 89% increase from the previous year.
August 01, 2024 | 1:12 pm
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Scilex Holding Company reported significant growth in preliminary net sales for July 2024. ZTlido net sales increased by 48% to 85% year-over-year, and total product net sales increased by 54% to 89% year-over-year.
The significant year-over-year growth in both ZTlido and total product net sales indicates strong market performance and demand for Scilex's products. This positive financial news is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100